Technical Analysis

A positive trading session dominated the EUR/USD moves despite the Fed’s 50bp hike in interest rates, the most significant rate hike in 20 years. Technically, we find the euro building on the psychological barrier’s 1.0500 support floor, in addition to breaching the 1.0530 level and by looking closely at the …

After several consecutive days of ascending, the Canadian dollar touched the target price mentioned in the last analysis, at 1.2870, recording the highest price of 1.2880, which forced the pair to achieve some decline due to touching the resistance level of 1.2870. Technically, by looking at the 4-hour chart, we …

Oil, Crude, trading

The yellow metal prices declined within the expected bearish path we mentioned in the previous analysis, touching the first target at 1885 and approaching by a few points from the next stop 1866, recording a bottom at 1872. Technically, we notice that there are limited attempts to rise as a …

According to our expectations during the last analysis, it managed to touch the target price station at 1.0570, to extend its losses towards the low of 1.0470, the lowest level in several years. Technically and by looking at the 240-minute chart, we notice the movement within the bearish price channel …

Oil, Crude, trading

Oil, Crude, trading

Notable gains dominated the Canadian dollar’s movements with the opening of last week’s trading after it succeeded in bouncing on the 1.2700 support floor, heading towards touching the official station that needs to be touched in the previous technical report at 1.2830, recording its highest level at 1.2827. Technically, we …

Oil, Crude, trading

Gold prices declined significantly since the beginning of this week’s trading within the expected bearish path mentioned in the last technical report; trading below the pivotal support floor extends losses to visit 1907, recording its lowest level during the current week of 1891. On the technical side today, and by …